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Aforti Exchange

Aforti Holding Group presents impressive performance for June and establishes a company in Romania

5 July 2017

Aforti Holding Group, which renders financial services for the SME sector, presented its operational and sales performance for June 2017. In the period, Aforti Finance presents consistent dynamic increase - loans issued in the period in question were worth PLN 3.4 million and the value of the applications filed reached PLN 15.3 million. In June, Aforti Exchange had a turnover of EUR 5.6 million at the foreign exchange platform. Aforti Collections dealt with debt recovery cases worth PLN 1.3 million.

In June Aforti Finance, which offers micro-loans for the small and medium-sized enterprises sector, issued loans in the total amount of over PLN 3.4 million, against PLN 487.8 thousand in June 2016. The Group owes a dynamic growth in this area of activity to persistent expansion of own network of branches all over Poland – currently there are 6 Aforti Finance branches. There were 190 applications filed in this period for the total amount of PLN 15.3 million, whereas in June 2016 there were 57 applications filed for the amount of PLN 2.5 million. The Group works on expanding its own branch network all over Poland. Since the beginning of the year the value of the loans granted has reached the amount of PLN 64.1 million.

“We are persistently developing in the sector of microloans for small enterprises – we are creating our competitive advantages and strengthening our position thanks to the development of our own network of branches. We have devised operation strategy which allows us to multiply the value of loans granted in YOY perspective.”, as Klaudiusz Sytek, the President of Aforti Holding S.A. puts it.

Aforti Exchange running an online foreign exchange platform reported EUR 5.6 million turnover in June, which means it nearly tripled when compared to the same month last year. In 1H 2017 the total turnover amounted to EUR 33.5.

“In June we registered a subsidiary company, Aforti Exchange, in Bucharest. Launching operations on a new market is a part of the strategy which assumes expansion of the Company to European markets. Aforti is working on expanding its currency pairs and introducing new services and products.” Klaudiusz Sytek emphasises.

Aforti Collections rendering debt collection services has contracted to deal with 416 debt collection cases worth PLN 1.3 million. Since the beginning of the year, the value of debt collection cases reached PLN 14.1 million.

“Aforti Collections reported firm performance both in relation to the nominal value of the cases as well as to their number. We spent the first months of company’s operation to actively search for orders, which surely builds our position on the market. Recently we have been working on creating sales team and June was the first month, in which Aforti Collections sales team operated in full force. Currently we are focusing on realisation of the orders and stable development in this business area.”, says Klaudiusz Sytek

Aforti Holding financial Group reported PLN 33 million of consolidated income in 1Q 2017. The figure is triple the amount reached in the same period in 2016. Consolidated net profit of the Group amounted to PLN 374 thousand. The performance is a result of soaring number of loans granted by Aforti Finance and increasing turnover reported at Aforti Exchange platform.